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in a way@ that does not expose the economy to rest in does not require a taxpayer bailout. i think that the tools are in place to do that. again, it is a matter of using those tools. there are couple of things that the regulators need to do. they need to have these banks to restructure themselves to make them simpler so that they are easier to break up. as a work in progress. they also need to force them to issue more long-term unsecured debt that would be available for lots -- loss absorption of four of them fails. the starter capitol requirements but we also need minimums for long-term debt as well. and that would make them more resolvable and also, level the playing field between the cost and the smaller institutions. melissa: people walk around now and say to big to fail is alive and well. nothing has really changed. to you agree? >> i think we are making progress. the rating agencies have downgraded some what the mega banks. they still get cheap funding when the go to the market. much cheaper than the smaller banks. we have made progress. my former agency has come forth with s
tryg to time thearke gyrations. >> overall you think the stronger than expected economy is what is going to power the market to higher levels, to that 1700 that you see in the s&p 500. but which specific sectors of the market do you think will lead the way? >> well, i like most of the cyclicals better than the defensive stocks, tyler. i think as the market keeps going higher, more and more people are underallocated to economic sensitivity. so i really like the manufacturing stocks, the industrials, and the basic materials. i think the financial stocks ve done well and wil coinue to dwe. an i would look at trying to put a little bit into technology stocks that have been really bad for the last year. i think i'm seeing confidence in ceos rise and capital spending going up, and i think that sector could come to life yet in the second half of this year. >> jim, as you know, federal reserve policymakers are meeting on tuesday. do you -- nobody is really expecting any significant change in policy. but do you expect any change in tone and conversation? and how might that impact investo
in the economy. >> well, that is right. we are doing a lot of healing. housing market is finally showing signs of turning around. we have had increases in home prices nationwide, and home construction and home sales are up, and we show in the report that we have worked off a lot of the excess nationwide from the bubble years. the excess construction that took place. we are starting from the low base, but it look like housing will now be a tailwind instead of a headwind and we added 48,000 construction jobs last month which is a positive development going forward. >> i know that the president feels this way certainly that more work needs to the be done on jobs, but do you feel that the moves that have been made in job growth are significant enough to satisfy main street, because if you look at the latest abc news poll, it shows a disconnect once again between the p president's progress on the economy and the way that main street feels about his progress on the economy. >> well, the president certainly is not satisfied. you know, he came to office, and we were losing over 800,000 jobs a month. t
coming up. in the next hour we're going to be talking the economy and the dow with jennifer ericsson from the center for american progress, and then we'll talk about cpac and james homan was at cpac and he'll be here in studio with us. the president is kind of kicking back this morning. he has private meetings in the morning, getting the daily briefing and then at 4:40 this afternoon we'll be delivering marks at a women's history gathering. another hour of the "full court press" coming up. [♪ theme music ♪] >> bill: good morning, everybody. itit i is s mondayayararchch 1 18th. welcome to the "full court press" here on current tv. we're bringing you up to date on all of the latest developments here in our nation's capitol, around the country and the globe, whatever is happening we'll tell you about it. and you get to tell us what it means to you by giving us a call at 866-55-press, joining us on twitter @bpshow, and there is a civil war among republicans. sarah palin said karl rove if he's so smart he ought to go back to texas and run for office, and karl ro
agenda. he got health care passed and fixed the economy. he has the economy on the right track. the gun issue was not a big deal with him in the beginning. gale marriage was not a big issue, but they have become centerpieces, that's the period he's in at this point. republicans are cooperating to the degree that they appeared to be disorganized enough that he appears to be right on track. >> you know, on that point, in terms of the economy, victoria, the president talking about the budget last week, he said something that the gop just jumped all over. the president said, and i'm quoting him, we don't have an immediate crisis in terms of debt, and the republicans and the right wing went bananas. but then mr. boehner and ryan, of course, agree with him. watch this. >> we do not have an immediate debt crisis, but we all know that we have one looming. >> we do not have a debt crisis right now, but we see it coming. we know it's irrefeetably happeningivities they say the president shouldn't have said it, now you have boehner and ryan saying it, about you if both say we don't have an immediat
and champion growth. our economy is stagnant and a lot of people are hurting. and that's where my focus remains, every day. >> shannon: you mentioned that republicans and democrats, you question whether or not they have read the constitution recently and if they adhere to it and if they are really familiar with what it is at its core. how do you reconfigure? how does either party get back to that? >> i think we are seeing a rejuvenation in the republican party. visaid for a while. i think -- i have said for a while, i think the best thing that happened to republicans was to get our teeth kicked in by 2008. by 2006, 2008, i think that republicans had stopped standing for principle. we saw a new generation of leaders step forward in 2010 and more continue in 2012, who are really focused on getting back to our core principles, getting back to the constitution and getting back to free market principles. i think far too many republicans had gone along to get along. had agreed with democrats and exploding the size of government -- i mean, that's how we have gotten a $16.5 trillion debt. i think the p
this uptrend later today. > what is the stock market telling us about the economy? yesterday we had better-than- expected news coming from the labor market. jobs are being added. is that giving a boost to the market? > > you know, all signs point to that we are just in this low- volatility grind upward. i don't think the professional community - traders on the floor, brokers - really think that the economy is on solid footing yet. but, boy, if it does, if we do see a turnaround and gdp does start to pick up, who knows what then? > aren't you one of those traders who is seeing a rotation out of apple and into google? > > yeah. you know what, it is very interesting, because for about the last two weeks or so now, we have seen apple really hold major support at $425 - $420, $425. major support. and now maybe google is a little bit tired. so, where the people that had the flip side of that just two or three months ago, out of apple, into google, you are starting to see that rotation come to play now. > pleasure to have you on the show. thank you scott. > > take care angie. a former jp morgan e
of the country. high taxation and high debt are holding back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised primarily b
of gdp. and that will lead to a stronger economy and more employment. so i really like the budget. i like the direction. and i hope it does unchange the debate in washington. melissa: kevin, do you agree with that, by definition the largerhe government is the smaller the private sector is, everydollar they spend came from somewhere? >> sure in the long run that is absolutely true. there have been a lot of studies thathow the big government countries grow a lot slower an that smaller government countries. absolutely. if we get government under control we would ratchet up the forecast. that is what mr. ryan is trying to do. i think the problem the democrats will have they will put out a budget maybe matches presiden obama's rhetoric and has a lot of tax increases in it. that will cause a lot of democrats to be in something of a political peril. i think after the democrats budget comes out we're then going to see horse trading and movement maybe towards this ryan budget. but i think the odds of the ryan budget anywhere close to law are just about zero. they're not going to repeal, for exampl
production and find out how much capacity to utilize in march. speaking of the markets and the economy, our own steve liesman caught up with new treasury secretary jack lew yet. among the topics discussed, whether there is a reason to worry about a bubble right now. >> the analysis i've seen doesn't give me reason to be worried right now. i think one of the lessons we learned from 2008, 2009 is that even when things are not a problem, we always have to ask those questions. we need to make sure that our -- we have the transparency to see what's going on in firms, in markets. we need to have the regulatory tools to deal with problems as they develop. >> and we're going to talk more about the markets and questions about a potential bubble later on this morning. we've got a great guest lineup today, guys. named money manager bill miller of legg mason and former fed chairman alan greenspan. we're going to find out if he sees any similarities between today's environment and the situation back in 1996. the last time we had this kind of run when he gave his now famous irrational exuberance speech.
in economy plus and promise of a refund for an upgrade never received. >> we got home, we started to call and got nowhere. >> they call and wrote to united. they said the airline would not reimburse miles because they flew back in economy plus. >> we were told by a friend to contact 7 on your side. >> good idea. we contacted united airlines which looked into this case. weeks later the airline reimbursed 40,000 miles to the account. united tells us because upgrade wasn't available on return we placed them on a wait list and an agent offered comply meantry extra leg room economy plus seating. after returning home another agent delayed reinstating miles. we have reinstated the miles and apologized for inconvenience. >> we were happy to get our miles back thinking would it never work. you came to our rescue. >> the policy says you can use miles for upgrade but only if there are seats available in business or first class sections. >> they got their miles. >> yes. >> just ahead at 6:00 labor dispute involving garbage worker asks a program at the center of the controversy. >> also a lawmaker exp
are not helping people to improve their conditions. the scandals have devastated our economy. host: thank you very much for the call. this is a profile on the snap program in rhode island. it is an ackerman for the supplemental nutrition assistance program. let us go to jason from britain, new jersey. caller: thank you for this great topic. i think it is one we can all relate to because everyone has to eat. it all starts with food. athink the first lady has set good example with the garden she is growing behind the white house. given to allwas americans to grow a garden. this could wipe out the hunger problem probably within one growing season. some type of tax incentive, some the of extra tax on corporations and oil companies that are getting subsidies. take a small fraction of that away. give that to citizens to grow food. around in onethis season. this is an opportunity out of anniversary -- this is an opportunity. out of adversity comes opportunity. it is a travesty to see americans going hungry. these are programs i did not even get interested in. it is easy for us to blame government. let us
building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebuhl yent, right, the country is growing. usually too excited and there is a dramatic plunge in the economic outlook of a country. but according to the index, once the skyscraper has finally finished, the economy will be climbing back. one world trade center will be america's tallest tower when it is completed next year. and even though americans' confidence in the economy is bad, our new tallest building seems to indicate things are looking up. hey, you know, i know it's just one tower. and sure, it's a rather thin hope. but if thein be detection holds true, america's economy is going to be in a way better place, a lot sooner than anybody thought. anderson cooper starts now. >> erin, thanks. good evening, everyone. a very big night tonight, including the
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the economy and put people back to work. if we do that, we'll be bringing in more revenue and if we control spending, potentially what you have balance. >> a quick response to that. >> that's exactly the point. balancing the budget will in fact help our economy. it will help create jobs in our country. get our economy going again. and put more people back to work. the fact that the government continues to spend more than a trillion dollars every year that it doesn't have, scares investors, scares business people, makes them less willing to hire people. >> is the grand bargain dead? >> i don't know whether we can come to be a big agreement if we do. it will be between the two parties on capitol hill. hopefully, we can go to conference on these budgets. hope springs eternal in my mind. >> senators graham and ayotte and other republicans have said they're open to new revenue if the president is willing to do significant entitlement reform. is that something you could consider? would you say no to that? >> the president got his tax hikes on january 1st. the talk about raising revenue is over, i
as the economy gains steam. can this party last? it's monday, march 18th. >> announcer: from abc news, this is "world news now" with john muller and diana perez. >> hey, wow. >> who? >> they said our names. >> let's hear that again. >> cue that up again. ♪ >> "world news now." >> announcer: from abc news, this is "world news now" with john muller and diana perez. >> sounds nice, right. >> that's you. >> let's do it. >> that's you, me, us. welcoming a familiar face to our anchor desk. here this morning. of course, a face that you recognize. john muller, congratulations. welcome to the team. >> a thrill to be here. i have filled in dozens of times. hopefully a few of you know me. out there. like i said all morning long, i have always been a fan of the show. i always really watched it because i used to do another show cross town locally. i would look up from the makeup chair and be like those poor guys are already up and doing it. what i am about to do. i thought i was the only one up at the hour. i'm a night owl. and i have always loved the show. tradition of people sitting in the cha
, in science and research, in education. things that are important to power the economy. our focus has been on jobs first. let's get the economy in full gear. not put the brakes on it. which is what the republicans do. they've gotten austerity budget that according to the nonpartisan congressional budget office, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipar
back their money only to see the economy falling apart. you're not winning on those issues, oath either, john. >> joan, you're so right. you are better on this than i am normally. equal pay for equal women. your party has been slow on that. >> i agree. i'm following our party. those are the changes that we should be making. here's what the real difference between the two parties in my opinion are. >> okay. >> the republican party has always said we're going to make sure you have opportunity that leads to unlimited success but not guaranteed success. that was the american dream. we've given that up because people say it's not attainable anymore and the democrats are selling we will give you guaranteed success but it's going to be very limited. >> who says that? >> no one guarantees success. >> find -- >> it's the governmental -- >> john, i don't know any democrat who talks like that. >> there's no no one who wants to guarantee success. >> i've never heard that anywhere. >> no, it's all about equal opportunity. we are about guaranteeing equal opportunity. we are about leveling the playing
, knoxville, tennessee, have in common? they have bigger economies than cyprus. it has over a million people. gdp of about 24 billion. but this place is in big trouble right now, because of the issue of debt. what they have is a massive debt. they're spending more than they have, so they're getting a bailout from the eu of about $13 billion. we're going to do this all in dollars, not euro, to keep it all clean here. so, of course, with the bailout comes, as we've seen with other nations, you s as you austerit measures. but the savings tax. essentially, a 6.75% tax on $131,000 and below. you get the picture. if you have $131,000 in the bank right now, and this thing gets approved tomorrow, if that happens, they would come in and take about $9,000 out of your account. even more if you have more. now, the plan is if you do this, you get shares of the bank, and then, jake, when everything gets fixed, theoretically, you get your money back and maybe some more. >> tom, you said cypriots. i said cyprus. >> we'll settle that later. >> thank you so much. >>> also leading money news, how bad are thing
committee took exception saying that the city had been played. >> the world economy collapsed. >> reporter: he says there wasn't enough money to field a bunch of challengers so the expected revenue from the teams is down from $215 million to just $57 million. buehl took on the task of trying to raise $32 million from private donors to offset city expenses but so far that effort is $8 million short of where it should be. the goal now? just raise enough to keep the city from losing money. >> i honestly believe if larry ellison wins itle be back and ten times as exciting with more times next time. >> would you ever volunteer for this job again? >> if i want to stay mare wouldn't.ried i >> reporter: you you heard steven barkley the head of the event authority saying he didn't like being accused of not doing the right thing. today's hearing may have helped serve to clear the air some. after the hearing he told me he now believes everybody is onboard. recording from the embarcadero, mark matthews, abc 7 news. >>> nice outside where mark was standing. hope you enjoyed the lovely weather because i
investments. take control of your personal economy. >>> the numbers in a survey from the last year 2012 show just 14% of american workers felt they had enough money to retire comfortably. there are good reasons behind that number. americans are living longer for starters. a lot of things including health care cost more and financial markets have been so volatile over the past decade. so a major worry for an entire generation now heading into retirement is how to make savings last long enough. as nbc's chris jansing reports the rules and the math are changing. >> no more hurry. no more pressure. >> reporter: used to be hard work with and company loyalty were rewarded with the good life. >> what with my retirement plan and a few dollars i'd saved, i didn't have a thing to worry about. >> how many are going on these? >> 55. >> reporter: for an increasing number of older americans, that lifestyle is no more than a dream. >> retirement used to be 10 years, now it can be 30 years. that means your money has to last a lot longer. >> reporter: it didn't last nearly long enough for 75-year-old peggy w
the scientists and many other things. sanctions are hammering the iranian economy. to focus on iran, for benjamin netanyahu, he is waving the threat to the audience. he is using one of his guys as the minister of the housing and infrastructure. the man that tells you from day one, i will build in the areas. the area that connects western bank with jerusalem. breaking the last hope for a two-state solution. >> is iran a genuine threat or distraction from the point of the peace process? >> it is a genuine threat to israel. no doubt from the ayotallah down. a direct war of words in support of terrorism against israel. israelis feel that. part of the purpose of the trip for the president is not merely to say we care about the iran nuclear program. it is to convince israelis that they can take the steps necessary for peace knowing the united states is behind their support. the fact we will not move on the palestinian question unless the israelis feel they have the security of the united states completely to take those risks for peace. i have known that ever since camp david one. this is why this is so
because of our resilient economy and our world currency status. we do not have a debt crisis right now but we snow it is coming and happening. >>peter: democratic senator durbin tried to put the comments in context this morning. >> we need to put americans back to work. that is our first priority. deficit reduction is the second priority coupled with economic growth. we can do both. make sure we have deficit reduction. also, do not cut too much too fast. >>peter: anyone trying to handicap the odds of a grand bargain should consider what speaker boehner said today when he told use he doesn't know whether democrats and republicans can come to a big agreement but he did add that he trusts president obama. >>heather: thank you, peter, from washington, dc. >>gregg: senator durbin weighing in on immigration reform today. notwithstanding the major hurdles the senator said an agreement is possible but a hathaway to citizenship need to be answers. >> we are working, hours every week, four democrats, four republicans. we are making progress. there are several problems. we are dealing with border
disapprove of the way that he is handling the economy. the president is now making an effort to reach out to republicans by meeting with them several times over the past couple of weeks but you have is to wonder are his efforts sin? sincere. i asked lindsey graham earlier. the president spent more time on capitol hill meeting with republicans in the past week than he has for the previous four year is. senator, what is up? >> i don't know. old saying in the south it doesn't matter how you find religion as long as you do. i don't know if it is the dropping poll numbers or wants a leg icy and realizes you you can't have one without talking to republicans. either way it is a constructive thing. >> mike: i said you can't govern if you don't have relationships. >> right. >> mike: you can't have relationships if you don't look at each other face to face and spend time together. may not always be pleasant but it has got to be done. are you convinced and you were one of the senators that had dinner with him on the thursday night at the jefferson hotel. is he being a workhorse? or a showhorse? >> t
on iran still have not pushed their economy to unrest that would lead to collapse. >>> spring arrived earlier in tokyo. it's a sight for our winter weary eyes. cherry blossom blooming ten days ahead of schedule. the annual symbol of new beginnings and fresh starts arrived early this year thanks to a remarkably warm march. it's the earliest sighting since 2002. looks great. >>> and closer to home, a good time during a day of peace, paws and music. thousands of canines and their companions came out to the weekend woofstock fair in the florida keys. the event is held to promote dog adoptions and these pups put on their best showing, chasing, racing, jumping and splashing for the cameras. i might adopt one, too, after seeing these guys. >>> don't try this at home or anywhere else for that matter. you would think flying through the air in wing suits is dangerous enough by itself, but two daredevils took it to a new level. the pair well known for high risk jumps. the pair are well known for their high-risk jumps. that's scary, man. couldn't you be off by a couple feet and -- >> yeah, you do
and the economy and limiting the size of government and being fiscally responsible. that's what we're hearing folks talk about here and across the country. >> morris, senator portman's announcement comes on the heels of over 100 prominent republicans signing their name on a brief urging the supreme court to allow gay marriage. we have president obama announcing his support. are we at a watershed moment? >> i think so. i think as you look at the next anyration, the folks under 40, this is nothing that they really -- they don't really understand why the older generation doesn't get their arms around this. you know, as people personalize it, when you have a member of your family that perhaps is gay or lesbian, it's easier for you to come out as a republican, but they really are going to have to do a better job of pushing along the party. it's not as big a deal for younger americans. just as race for the other generation became less of a big deal. this will become less of a big deal for a sexual preference. >> alice, your former candidate rick santorum, he's staunchly against gay marriage. listen
have the most developed set of economies in western europe that exist and the relationship across the atlantic constitutes nearly one third of world trade. that is why european investment in the u.s. is around eight times that of investment in india and china put together. this basis of its enormous significasignifica nce in today u.s. investment in the e.u. is three times higher than in all of asia so it speaks for itself the potential that exists there. that transatlantic relationship defines the shape of the global economy as well. so it either the e.u. or the u.s. is the largest trade and investment partner from most all of the countries in the global economy that speaks of the centralitcentralit y of the power and the potential for is fair. that is why i am happy from an irish perspective to see the high-level report produced between the e. u. and the u.s. in terms of potential has received a very positive response. i spoke to the president after his re-election and he addressed this matter in his state of the union address and last week the european council gave the theory p
to the economy. manufacture something picking up. the housing market is picking up. now, it's a deliberate wedged repeal that. >> 750,000 families without a paycheck. they are not spending money, creating any demand, putting money into the economy. >> it will actually reduce growth about six %. >> the which you choose on twitter, the hash tag is youchoose. >> that's right. >> or go to your website schakowsky.house.gov. >> all right. we will roll them out over time should we have 2100 fewer food inspections or give. they can't get their arms around because of grover norquist. >> on the gun issue, talking about mental health services 373,000 seriously ill, mentally ill children and adults will lose treatment. should we do that or give special tax breaks to hedge fund managers? i mean these are the kinds of choices that we are literally making right now in this country. >> one of the tax breaks is owners of corporate jets. i don't know how much money that is >> absolutely. jets and luxury products and yachts and that kind of thing. really? really? should we gi
rate than revenues have got to rise. i'll give you a quick example, our local economy here gained 18 thourgs jobs if the administration would eliminate its ban on coastal virginia energy, here in our district that's being hit so hard by sequestration. our two u.s. senators, both democrats want it. the administration is holding that up. we have got to focus on job creation, that's the first place to go for new revenue. >> i do know that you took a lot of heat from our fellow republicans when you traveled to the newport news shipyard before the sequestesequester, are you about that coming back to bite you? because time and time again, that is a lot of revenue that i cited earlier. people are afraid of,primaried. >> i was raised by an iwo jima marine, he's still doing great, he was my inspiration to run and he taught me to protect my country. i offered the fellow who called me, please relate to the president that i accept with gratitude. we need more communication in washington, not less. it doesn't mean he capitulated, but civility is essential in our republic for us to get things done
for aveeno®. as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. ♪ yer always after me lucky charms! whoa. i forgot how good these taste! [ lucky ] ♪ they're magically delicious >>> this morning, another postcard from lester's trip to rome where he was, of course, covering the papal conclave last week. and, also, exploring the city a little bit, as one does. it turns out the best way to navigate perhaps on two wheels? >> yeah, because it's a hard city to get around, the way it's shaped, the streets. riding a vespa through the city streets turned out to be quite the adventure. take a look. from this point of view, this city is an eye-opener. so like the old saying goes, when in rome -- it's as if the vespa made famous in the 195
economy and wages are $7500 less than our leading peers. we're hopeful we can reach an agreement that recognizes that. moving our organization forward. >> the symphony says it's offer will keep the or chess tra among top three nationwide. musicians sate offer is not enough therk say the symphony can afford more with an endowment nearing $300 million. >> a dating web site is not giving up hope of giving the town of woodside to change its name to sugar daddy.com. this looks how the street signs might look. sugar daddy is willing to pay fr a 10 year name change commitment. they chose woodside because of the wealth and potential for having datable sugar daddies. the city laughed off the idea but company will deliver it's onoffer tonight at the city council meeting that starts at 7:30. we shall see. >> qle. >> yes. coming up next at 6:00 hopes and dreams of bay area catholics as a conclave of cardinals begins to pick a pope. how the vote prog ses looks. >> in sacramento california environmental quality act protected natural resources of the state for decades some say it's time to stop
at the national archives. >> "these cuts harm not help economy." to cuts in science research at the national lab president obama visited in illinois. >> "they don't trim the fat. they cut into muscle and into bone." >> reporter: talk to amanda harrison. whose husband john just lost the tuition assistance he receives from the marines. due to the automatic cuts. it's a program. that enticed him to join the marines in the first place. >> "you don't get to maintain a good job, i'm sorry, as a service member's wife. you know we give up a lot and this was a little something in return for everything we do." >> reporter: back at 1600 pennsylvania avenue. the students who wanted to get an up-close look of the white house. are getting a tour of broken government. >> "this is the people's house so we should have gone inside the house." >> reporter: a tour. that comes at a high price. >> "it's a terrible example to give these kids." >> reporter: "it's like breaking a promise." >> "it's like breaking a promise." jim acosta, president obama says arrangements may be worked out for some schools to re-book their
the economy, period. >> bill: here is my problem with gates. i was defending him but i don't think if he would say if george w. bush. you know president bush needs more power. at this think he is liberal partisan. i don't know him. i think that is where he coming from. share the wealth and income redistribution? >> there is no better example of ee leetsd in this country, gates equals microsoft, $61 billion net worth on the part of bill gates. >> bill: he gives a lot of money away. he is not a hypocrite like al gore? >> not even close but we should discuss what he is doing. these powerful companies hold the gate way to the digital world. microsoft, facebook, google these are huge companies, big power and then to align it with statist president like barack obama that would have a crushing influence on our society. >> bill: in the g.o.p. budget put forth by congressman ryan there was at call for a repeal of obamacare. now, i said earlier this week that was dumb. you don't put that in there because no one pays any attention to anything else. that is never going to happen. so we're into the land of
korea would damage its economy and effect its relationship with its neighbors and key ally the united states, mr. chung and his supporters believe it's the price they may have to pay to ensure denuclearization on the korean peninsula". regardless of whether or not south korea down the nuclear route, the south korean government under new president park geun-hye says if there is any military provocation from pyongyang it will retaliate with destructive force. anna coren, cnn, seoul. three people have been arrested after two inmates escaped from a correctional facility in quebec canada. using a helicopter. police caught one of the escapees -- who was described as a high profile offender. he was behind bars in connection with an attempted murder investigation. the other inmate is still on the loose -- and police have not identified the other people who were arrested. the helicopter's pilot is considered to be a witness -- not a suspect. cleveland has the rock n roll hall of fame. coming up, we'll show you the rock stars of sf state's hall of fame. plus we'll get a look at that sea lion p
of the economy. the senate democratic budget recognizes none of this. partisan and in setone and complacent in substance it scores points against the republicans and re'assures the party's liberal base. in short this document gives voters no reason to -- >> with us from washington is david growing of "meet the press." that was. "the washington post" saying tough things about the democratic budget but let's commend. i'm commending democrats today and i -- let's commend the democrats for putting out a budget. because this is where we start the conversation and the conversation starts with two budgets that are both dead on arrival. but it's at least a starting point. >> i do think this return to regular order which speaker boehner has talked a lot about makes sense here. we have now seen, what, the last couple of years where republican leaders are really -- john boehner and negotiating directly with president obama is not working so why not let congress do its job and come up with competing visions of america's fiscal future and let them try to hash that out without the white house always bein
they are being offered. >> this doesn't acknowledge the fact that there is inflation in the california economy. it doesn't acknowledge the fact that our wages are about 7500 dollars less than our leading peeshtion chicago similar funny and los angeles philharmonic. >>reporter: the average musician salary is 165,000 dollars a year. the union says basic pay is 142,000. management says they provide health care with no monthly contribution. the musicians say they pay for family member members. the similar funny says musicians get 10 week of paid vacation. they say they have other expenses including buying their own instruments that can cost hundreds of thousands of dollars. similar funny says the wage proposal would keep the 105 member orchestra among the top 3 nationwide. >> most talented musician in the world and we are hopeful we can reach an agreement that recognizes that and at the same time tl move our organization forward. >>reporter: at this press concert the musicians told us while the similar funny hasen document nearing 300 million an has given hefty bone to us management, they
they say. >> the white house put out a statement concrete plan boost the economy and reduce deficits. today the chairman of the senate budget committee made her pitch. >> our budget reflects the pro-growth, pro-middle class agenda that the american people went to the polls of in support of in the last election. and i believe it is is a strong and responsible vision for building a foundation for growth and restoring the promise of american opportunity. >> though senator murray and white house like it not clear how senate democrats up for re-election 2014 will feel about voting on another 1 trillion-dollar tax increase. shep? >> shepard: we heard today from com ryan. he is contrasting the house g.o.p. budget with the senate plan. >> that's right. congressman paul ryan notes that his own plan would increase government spending each year but just not at the rate that we are doing currently. ryan also is particularly irritated with one aspect of the senate democrats' plan.>> we may not agree on how to balance the budget. but we ought to be able to agree on 00 need to balance the budget. a balanc
deficit. >> a promise that this was going to be a race that would raise $1.4 billion in the economy is provide thousands of jobs. that has turned out not to be the case. san francisco taxpayers are getting left holding the bill. >>> he is lobbying ellison through an online pegs drive at causes.com. new this morning san francisco residents could see monthly garbage bills go up by more than 21% starting this summer. the company that collects the garbage is asking for six dollars more a month from the typical household. a set of 32-gallon bins would go up to just under $34 per month. apartment dwellers would pay less. a series of public hearings on the proposal begins next month with a final decision expected by summer. >> this morning pg&e says crews will be venting natural gas from a pipeline in san francisco. people in the kalhollow area may smell gas once the venting begins. police say it will last about 15 minutes. gas service will not be interrupted by the pipeline inspection work. pg&e says anyone concerned about smelling gas can call them and verify the source. the gas should q
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